Steel Products Prices North America
December 9, 2014
WTO Admonishes US In India Steel Ruling
Written by Sandy Williams
In a complicated appeals decision on Monday, the World Trade Organization reversed the majority of a July ruling against India that said US duties had wrongly penalized India for subsidizing steel imports of pipe produced by Tata Steel. The decision, however, also admonished the US for breaking Subsidies and Countervailing Measures (SCM) rules and called for the U.S. to comply with regulations.
The case stems from a 2011 petition by US pipe and tube producers asking for import relief. The US petition charged that low cost iron ore supplied to Tata Steel by state-owned miner NMDC was government subsidization.
